Since notification issued under rule 18 of the Central Excise Rules, 2002 does not provide any period of limitation for a claim for rebate, rebate claim cannot be dismissed as time-barred applying provisions of section 11B of Central Excise Act, 1944 HIGH COURT OF PUNJAB & HARYANA JSL Lifestyle Ltd. v. Union of India S.J.… Read More »

TDS on Internet Charges /Leased line In the following judgement it was decided that the there is no TDS on Internet Charges /Leased line Assessment year 2007-08 Facts of the Case : Assessee was engaged in business of development of computer software . Issue :- Assessing Officer disallowed a certain sum under section 40(a)(ia) on… Read More »

E-biz launches composite application form for PAN, TAN, DIN and incorporation of company Joined Up Service NA – DIN – COI – PAN – TAN – ESIC – EPFO Description:- This joined up service enables the applicant to fill a common form for ‘MCA-Name, DIN and COI’, ‘CBDT-PAN, TAN’, ‘MoLE- ESIC and EPFO’ services and… Read More »

Facts of the Case :- Assessee purchased a piece of land used for rubber plantation .Subsequently, assessee sold said property through a broker. Assessee claimed that property sold was an agricultural land and, hence, profit arising on its sale was exempt from tax . Assessing Officer found that nature of property at time of registration… Read More »

Where material was collected by Assessing Officer during course of survey, and not during search proceedings, Tribunal was justified in setting aside assessment made under section 158BC HIGH COURT OF GUJARAT Commissioner of Income-tax v. Parmar Builders & Developers M.R. SHAH AND S.H. VORA, JJ. TAX APPEAL NOS.112 & 113 OF 2015 APRIL 8, 2015… Read More »

Issue :-Assessee raised a plea that date on which notice was issued, Assessing Officer was not in possession of original return and, therefore, he could not have issued notice seeking to re-open assessment Held : issue being in relation to notice under section 148, which went to root of matter, matter was to be remanded… Read More »

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